Trafigura Global Service - Trade Finance Analyst

Trade Finance Analyst

Company Brief

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Trafigura has achieved substantial growth over recent years, growing revenue from USD 12 billion in 2003 to USD 231 billion in 2021. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

Trafigura Global Services (TGS) is the fully owned subsidiary of Trafigura, a Global In-House Delivery Center, set-up for aggregating Middle and Back office functions critical to support our trading life cycle. The entity has 600+ employees, adopts best in class technology and practices enabling operations across Europe, Africa, Middle East and Asia-Pacific.

You can find out more about us on www.trafigura.com and our Mumbai office on www.trafigura.com/mumbai

Main Purpose:

- To provide efficient finance operations and risk management for our international oil trading activities.

Knowledge, Skills and Abilities:

- 2+ years within a Trading Company / Financial institution having gained a basic understanding of the principals surrounding Trade Finance instruments and their pitfalls would be desirable

- Well-organized and pro-active, excellent communication skills, strong coordinating skills, able to demonstrate exceptional problem solving and the ability to think in a highly logical and critical fashion

- Highly diligent and sharp eye for attention to details

- Able to take initiative and not only work to, but also set their own quickly changing deadlines

- A team player, who is able to confidentially adapt their interpersonal approach as the situation demands, able to build strong relations both inter-departmentally and with external stakeholders

- An individual who is not only comfortable but thrives in a high pressure environment

- Proficiency in Microsoft Office applications, particularly Word and Excel

- Excellent spoken and written English

Key Responsibilities:

- Issuance of L/C's or Bank Guarantees for our purchases of Crude and Oil Products including negotiation with banks in order to place transactions under bilateral facilities.

- Review of contracts for all transactions in accordance with company policy and procedure

- To check and approve cargo loadings and discharges whilst ensuring contractual obligations are met without exposing the company to risk or loss.

- Risk covering sales where necessary with Banks and/or Insurance.

- Release and stock management, exposure monitoring and weekly m2m of any storage positions.

- Close co-operation with our Deals Desk personnel to ensure any costs agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.

- Close co-operation with our Oil Operations team to ensure that our physical logistical requirements are in alignment with financial and risk considerations

- Preparation and despatch of Invoices and Letters of Indemnity (or shipping documents) for payment under Documentary Letters of Credit received from our buyers.

- The reception / recording and distribution of shipping documents - including the allocation and despatch of such documents to our trading counter-parts / financing banks enabling the prompt cancellation of outstanding LOI's

- The regular chasing of any shipping documents not received in a timely manner from our trading counter-parts / financing banks - thus ensuring that our credit facilities are used to an optimum level.

- Ensuring timely processing of Cargo payments together with managing cash positions with the Banks.

- Closely liasoning with teams in locations like Singapore/ Geneva/ Johannesburg etc

Key Relationships:

- External - Banks, Insurance, Counterparties.

- Internal - Ops, Traders, Contracts, Treasury, Securitisation, Accounting & Deals Desk